The retirement fund also approved an Africa-focused private equity commitment earlier this month.
The pension system is also scheduled to review a 2026 pacing plan for private credit at this week’s board meeting.
The firm also surpasses $1.75 billion in regulatory assets under management.
Fundraising surpassed the firm’s goal in 10 months with over $500 million in total commitments.
The firm welcomed back a former team member to co-lead its emerging market debt team.
The plan’s investment committee and general investment consultant recommended a manager change following a search presentation earlier in the year.
The city maintains an investment portfolio averaging $40 million comprised primarily of certificates of deposit.
The authority rehired the incumbent following searches in 2021 and 2015.
The retirement system bolstered its private equity team with a senior investment analyst.
The pension system made its third commitment to private credit this year at today’s board meeting.